First National Trust Co. Buys 3,069 Shares of Carnival Corporation (CCL)
First National Trust Co. lifted its stake in Carnival Corporation (NYSE:CCL) by 10.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,232 shares of the company’s stock after purchasing an additional 3,069 shares during the period. First National Trust Co.’s holdings in Carnival Corporation were worth $2,145,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Alliancebernstein L.P. lifted its holdings in Carnival Corporation by 316.9% during the second quarter. Alliancebernstein L.P. now owns 4,236,266 shares of the company’s stock worth $277,772,000 after acquiring an additional 3,220,191 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Carnival Corporation by 115.5% during the second quarter. Janus Henderson Group PLC now owns 3,088,143 shares of the company’s stock worth $202,505,000 after acquiring an additional 1,655,345 shares in the last quarter. Numeric Investors LLC lifted its holdings in Carnival Corporation by 160.4% during the second quarter. Numeric Investors LLC now owns 2,416,066 shares of the company’s stock worth $158,421,000 after acquiring an additional 1,488,366 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in Carnival Corporation by 4,220.0% during the second quarter. Robeco Institutional Asset Management B.V. now owns 1,496,929 shares of the company’s stock worth $98,154,000 after acquiring an additional 1,462,278 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake in shares of Carnival Corporation by 657.0% in the 2nd quarter. Acadian Asset Management LLC now owns 1,252,031 shares of the company’s stock valued at $82,095,000 after purchasing an additional 1,086,627 shares during the period. Institutional investors and hedge funds own 77.54% of the company’s stock.
A number of analysts recently issued reports on the company. UBS AG reaffirmed a “buy” rating and issued a $76.00 target price (up previously from $67.00) on shares of Carnival Corporation in a research report on Thursday, August 17th. Bank of America Corporation reaffirmed a “buy” rating and issued a $73.20 target price on shares of Carnival Corporation in a research report on Monday, July 24th. BidaskClub downgraded Carnival Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Deutsche Bank AG reissued a “hold” rating and set a $61.00 price target (down previously from $62.00) on shares of Carnival Corporation in a research report on Wednesday, September 27th. Finally, Zacks Investment Research downgraded Carnival Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Eight equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Carnival Corporation has a consensus rating of “Buy” and an average price target of $67.43.
In other news, CEO Arnold W. Donald sold 5,000 shares of the stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $65.43, for a total transaction of $327,150.00. Following the transaction, the chief executive officer now owns 115,572 shares of the company’s stock, valued at approximately $7,561,875.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 23.80% of the stock is owned by corporate insiders.
Shares of Carnival Corporation (NYSE:CCL) traded down $1.52 on Monday, reaching $64.66. 4,345,100 shares of the company’s stock were exchanged, compared to its average volume of 3,198,904. The company has a quick ratio of 0.16, a current ratio of 0.21 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $47,100.00, a PE ratio of 16.75, a P/E/G ratio of 1.32 and a beta of 0.74. Carnival Corporation has a twelve month low of $49.50 and a twelve month high of $69.89.
Carnival Corporation (NYSE:CCL) last released its quarterly earnings data on Tuesday, September 26th. The company reported $2.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.20 by $0.09. The company had revenue of $5.52 billion for the quarter, compared to analysts’ expectations of $5.39 billion. Carnival Corporation had a net margin of 15.53% and a return on equity of 12.15%. The business’s revenue was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.92 EPS. research analysts forecast that Carnival Corporation will post 3.7 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date is Wednesday, November 22nd. This is a boost from Carnival Corporation’s previous quarterly dividend of $0.40. Carnival Corporation’s dividend payout ratio is 43.60%.
Carnival Corporation Company Profile
Carnival Corporation is a leisure travel company. The Company is a cruise company of global cruise guests, and a provider of vacations to all cruise destinations throughout the world. The Company operates in four segments: North America, EAA, Cruise Support and, Tour and Other. The Company’s North America segment includes Carnival Cruise Line, Holland America Line, Princess Cruises (Princess) and Seabourn.
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